Introducing: The State of LATAM Crypto Markets

Insights. 

Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.

Bitcoin

17/06/2024 Data Debrief

Bitcoin’s dwindling volatility signals maturity

US inflation data buoyed markets last week before the Fed’s latest dot plot gave traders a reality check. Elsewhere, ZKsync is set to airdrop 3.6 million tokens this week and ProShares joined the ETH ETF race after sitting out of ...

  • Lending

    22/06/2023 Deep Dive

    CRV, Aave, and the Art of Liquidation

    This week we use lending and borrowing data to explore an extremely large position that raised some red flags last week.

    Written by Riyad Carey
  • Tether

    19/06/2023 Data Debrief

    The Data Behind Tether's Depeg

    Crypto markets made slight gains this week after the Fed decided to pause interest rate increases, a bullish signal for risk assets, and Blackrock filed for a spot bitcoin ETF, a surprise move amid a tough U.S. regulatory environment.

  • Liquidity

    15/06/2023 Deep Dive

    Q2 Crypto Liquidity Update

    Welcome to Deep Dive! This week we provide a Q2 update on crypto market liquidity, looking at the recent Tether depeg, a big buildup of a CRV position on Aave, and how the SEC’s rulings are impacting centralized liquidity.

  • CEX

    12/06/2023 Data Debrief

    Market Makers Flee Binance.US

    What a week. Binance and Coinbase were each hit with major lawsuits by the SEC, causing heavy volatility and an altcoin sell-off. In other news, Tether invested in a BTC mining company, the Arbitrum network stopped for one hour, and Australia’s largest bank will limit crypto transactions.

  • Binance

    08/06/2023 Deep Dive

    The Data Behind the SEC's Big Week

    This week we’ll examine volume and liquidity data related to the SEC’s charges against Binance, Binance.US, and Coinbase.

    Written by Riyad Carey
  • Privacy

    05/06/2023 Data Debrief

    The Fraught Future of Privacy Tokens

    Bitcoin whipsawed over the past week, closing lower on Sunday after a mixed U.S. jobs report. In industry news, Binance appointed a possible CZ successor as regional director, Celsius has deposited $745 million of ETH into staking contracts since June 1, and Coinbase’s derivatives exchange will offer new BTC and ETH futures this week.

  • Liquidity

    01/06/2023 Deep Dive

    A Cheatsheet for Bid Ask Spreads

    This week we’ll take our first in-depth look at Bid-Ask spreads on centralized exchanges, an under-appreciated indicator of liquidity. We’ll use some distribution analysis to examine which exchanges, stablecoins and pairs have the tightest and widest range of spreads in an environment where liquidity has become a premium in markets.

  • Stablecoin

    30/05/2023 Deep Dive

    Stablecoin Liquidity: Diving Into the Data

    This quick analysis explores market depth and trade volume for the top 5 stablecoins: USDT, USDC, BUSD, DAI, and TUSD. The increasingly competitive stablecoin landscape is dominated by Tether on centralized exchanges, but USDC reigns in DeFi.

    Written by Clara Medalie
  • Ethereum

    29/05/2023 Data Debrief

    72% of ETH liquidity is concentrated on 5 exchanges

    Bitcoin gained some ground early on Monday as U.S. lawmakers reached a debt ceiling deal in principle. Hong Kong confirmed it will allow retail traders to trade certain crypto assets starting June while the Digital Currency Group (DCG) closed its trade execution and prime brokerage units, citing bear market and regulatory uncertainty.

  • Liquidity

    25/05/2023 Deep Dive

    LDO's Shifting Market Structure: Unveiling Market Metrics

    This week we are excited to reveal Kaiko’s brand new Asset Metrics product, which aggregates liquidity and volumes for all assets across all exchanges. Using LDO as a case study, we’ll show how this product is a game changer for understanding a crypto asset’s market structure.

    Written by Riyad Carey
  • Tether

    22/05/2023 Data Debrief

    Why is Tether's market cap approaching all time highs?

    Bitcoin lost some ground this week, down about 2%, as crypto trade volumes slipped to yearly lows. In other industry news, Digital Currency Group missed a $630 million payment owed to crypto exchange Gemini last week, the SEC responded to Coinbase’s lawsuit and Tether announced it would start buying BTC with 15% of its excess profits. In this week’s Debrief we explore:

  • Stablecoin

    18/05/2023 Deep Dive

    Stablecoins: Does Trust Really Matter?

    After the events of 2023, Tether has become the dominant stablecoin, despite being the least trusted. In this week’s Deep Dive, we explore whether this is evidence that trust is a lower priority for crypto investors, who seem to prefer peg stability, liquidity and versatility more.

  • Binance

    15/05/2023 Data Debrief

    Market Makers Continue to Reduce Liquidity

    BTC and ETH erased most gains as the Dollar made a strong comeback. In industry news, the Ethereum network suffered technical issues, U.S.-based Bakkt de-listed 25 tokens under regulatory pressure, and Binance.US is reportedly trying to cut CZ’s dominant stake in the exchange.

  • Curve

    11/05/2023 Deep Dive

    TriCrypto: Curve's Ace in the Hole

    This week we examine an upcoming change to Curve that has gone relatively unnoticed: its new TriCrypto pool.

    Written by Riyad Carey
  • Binance

    09/05/2023 Data Debrief

    Binance halts withdrawals as BTC fees surge

    Bitcoin closed the week in the red after network congestion led Binance to halt withdrawals twice over the past 48 hours, the U.S. Fed hiked rates but opened the door for a pause amid lingering banking turmoil, Coinbase reported smaller than expected loss in the first quarter while Bittrex filed for bankruptcy.

  • Derivatives

    04/05/2023 Deep Dive

    The State of Crypto Derivatives

    This week we’ll provide an update on all things crypto derivatives and look at how perpetual futures are increasingly driving price action in markets.

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